Major Cryptocurrencies Eye Upside Amid Evolving Regulatory Landscape and Strategic Moves
Major Cryptocurrencies Eye Upside Amid Evolving Regulatory Landscape and Strategic Moves
Optimism is growing for several major cryptocurrencies, with analysts projecting significant price targets for Bitcoin, potentially reaching $200,000 to $240,000. Solana is showing strong underlying fundamentals and eyeing a recovery towards $250, while Ethereum is increasingly seen as undervalued due to its substantial tokenized asset base and decreasing exchange supply.
The regulatory environment remains a focal point, with discussions around the US CFTC leadership and the UK's FCA approving a new regulated crypto settlement system, indicating a global push for clearer digital asset frameworks. Corporate activities include a collapsed $2 billion deal involving Coinbase and a Nasdaq-listed company's strategic investment in a crypto payments firm. The industry also continues to grapple with the aftermath of the FTX collapse as creditors await resolution.
Market Highlights and Price Action
Bitcoin is garnering significant analyst attention, with predictions pointing towards a 'Wave 3' expansion that could see BTC reach an ambitious $200,000 to $240,000 as sell-side pressure reportedly diminishes. Solana also shows robust fundamentals, eyeing a recovery towards the $250 mark, contingent on favorable geopolitical and tech market conditions. Ethereum, with its substantial $200 billion tokenized asset base and shrinking exchange supply, is frequently cited by analysts as being undervalued, leading to calls for higher ETH prices.
Regulatory Developments and Corporate News
The regulatory landscape continues to evolve, with the US Senate Agriculture Committee scheduling a hearing for President Trump’s prospective CFTC chair. In the UK, ClearToken has secured FCA approval for a regulated crypto settlement system, underscoring the nation's efforts to integrate digital assets into its financial framework. Meanwhile, a $2 billion acquisition deal between Coinbase and stablecoin startup BVNK reportedly fell through during due diligence. The industry also grapples with the long-term impact of the 2022 FTX bankruptcy, with many creditors still awaiting payouts as the sector strives to rebuild trust and transparency. In corporate expansion news, VCI Global announced a crypto treasury plan, backing OOBIT, a payments company supported by Tether and Solana’s co-founder, through a $100 million acquisition of OOB tokens. An XRP lawyer has also announced a run for a US Senate seat in 2026, bringing digital assets into political discourse.